Latest News
May 1 2024
This week the Government has launched Help to Grow: Management Essentials, a new, free, bite-sized online course to help small businesses grow.
Read moreIn the context of the levelling up agenda and the government’s goal of growing the UK’s ‘innovation industries’, the report sets out to provide a study of the Midlands to better understand the geography of its economy and offer recommendations on increasing productivity.
Delving into the distinct roles of the cities, large towns, suburbs, urban hinterlands, and rural areas that make up this diverse region spanning from the East Coast to the Welsh border, the report defines the economy of the Midlands as ‘spiky’.
This refers to the way the economy of the Midlands is concentrated in and around its eight largest urban areas which, despite accounting for less than 10% of the region’s land area, are clusters for 53% of employment and 50% of output.
The report confirms the large role the Midlands plays in the UK economy, accounting for 13% of national output, and highlights the region’s strong foundations in manufacturing export industries. However, the report also estimates that the Midlands economy is £18 billion per year smaller than it should be, with its cities accounting for 89% of the output gap.
Such findings supports confirm the importance of strategies already underway in the region’s urban centres to capitalise on opportunities for economic growth, including investment in city centre transport and office space, and funding for essential skills development.
The report’s central message is the huge role the Midlands’ main urban centres have to play in closing that output gap. Outlining the opportunities for improvement, the report recommends focusing on:
See the full CfC report – All cylinders: The role of the Midlands Engine in the British economy https://bit.ly/3pspueI
Latest News
May 1 2024
This week the Government has launched Help to Grow: Management Essentials, a new, free, bite-sized online course to help small businesses grow.
Read moreGreen Growth
May 1 2024
Michelin Development is helping a Stoke-on-Trent cleaning product company launch a new venture, which has already created additional jobs in the city.
Read moreGreen Growth
Apr 29 2024
This week sees the launch of the Midlands Energy Security Taskforce, signifying a commitment to harness the Midlands’ energy potential for the benefit of both the region and the country.
Read more